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    National Mortgage News Covers FundingShield Q3 2023 Wire & Title Fraud Risk   FundingShield CEO Ike Suri spoke on the panel: “Innovation: Addressing the Needs for the Next Generation of Homebuyers” at Housing Finance Strategies #HousingDC23 alongside mortgage and tech leaders. Generational affordability for new time homebuyers remains a challenge amidst burdensome rental costs, higher mortgage rates and stubbornly high home prices. This expert panel discusses some of the offerings in the marketplace that offer alternative entry products and analytics to prepare homeowners, augment purchasing power and offer security to the wire transaction as aspiring homeowner reach the
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    National Mortgage News Covers FundingShield Q3 2023 Wire & Title Fraud Risk   National Mortgage News reports that Title and Wire Fraud Risks Appeared in Nearly half of Q3 Loans: See full article on the National Mortgage News Site at the following link: https://www.nationalmortgagenews.com/news/title-and-wire-fraud-risk-appeared-in-nearly-half-of-3q-loans?utm_campaign=editorial-content&utm_medium=organic&utm_source=linkedin
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    FundingShield - Q3 - 2023 - Fraud Analytics With Commentary From FundingShield’s CEO Ike Suri   Q3 2023 REPORT Wire and title fraud remain at alarming highs in 2023. With 49.2% of loans in Q3 2023 having at least one risk issue.     Quarterly Data and Analytics for Q3 2023 During Q3 2023 49.2% of transactions on a $61.3bn portfolio had issues leading to a risk of wire & title fraud. On average, problematic loans had almost 2 issues per loan indicating the lack of appropriate controls by closing agents to identify and fix issues. Q3 yielded
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    FundingShield Announces Partnership with SitusAMC to Deliver Integrated Fraud Prevention Services   NEWPORT BEACH, Calif. & NEW YORK–(BUSINESS WIRE)– – FundingShield, a market-leading fintech providing plug-and-play solutions to manage risk, compliance, and fraud prevention, has entered a partnership with – SitusAMC, a technology firm whose innovative, trusted solutions power the lifecycle of commercial and residential real estate finance. Together, the partners hope to protect financial institutions from the – rapid increase in wire and title fraud – in recent years. Data security, payment risk and cybersecurity risks have become more pervasive in the banking space. Lenders are seeking
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    FundingShield Announces Strategic Partnership with Tata Consultancy Services to Increase Accessibility to Wire Fraud Prevention Solutions in the Financial Services Industry   NEWPORT BEACH, Calif. | MUMBAI, India — September 5, 2023 — FundingShield, a market-leading fintech providing plug-and-play solutions to manage risk, compliance, and fraud prevention, has entered a partnership with Tata Consultancy Services (TCS), a global leader in IT services, consulting, and business solutions. Together, with FundingShield’s award-winning wire fraud prevention tools and TCS’ deep technology expertise and longstanding financial industry experience , the partners hope to protect even more lenders, home buyers, and sellers from
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    Mortgage Bankers Association’s MBA Newslink reports “FundingShield Finds Wire, Title Fraud Big Risk in Q2 (2023)” FundingShield‘s Q2 2023 wire fraud & title fraud risk report was featured in the Mortgage Bankers Association‘s “MBA Newslink”. Click below to read through how cybersecurity gaps and business email compromise “BEC” attacks at lenders and their vendor/supplier networks are increasing fraud risk despite lower loan volumes.   Follow this link for the full article from MBA NewLink Full article
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    FundingShield CEO Ike Suri Featured on the Chrisman Commentary Podcast to discuss the Q2 2023 Wire and Title Fraud Report   Listen to Ike Suri, CEO of FundingShield, being interviewed on Rob Chrisman’s “The Chrisman Commentary.” Ike discusses wire fraud, title fraud, market risk and the FundingShield Q2 2023 Wire and Title Fraud Report on the July 25, 2023 episode.  
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    FundingShield CEO Ike Suri on the Panel “Cyber Security, Fraud and You”   Explore cybersecurity & fraud threats in mortgages with CEO Ike Suri & experts at CMBA Mortgage Innovators 2023. Discover best safeguards for your business! Watch the discussion below and learn about the best safeguards for your business!
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    FundingShield Q2 2023 Fraud Analytics Commentary from FundingShield’s CEO Ike Suri: Q2 2023 REPORT Wire and title fraud continue to persist at alarming highs in 2023. With 50.2% of loans in Q2 of 2023 having at least one risk issue, it’s evident that the risk of a fraud event has gone up despite stagnant or declining volumes compared to 2022. Quarterly Data During Q2-2023 50.2% percent of transactions on a $68bn portfolio had issues leading to a risk of wire & title fraud. On average, problematic loans had almost 2 issues per loan indicating the lack of appropriate
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